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Indian national sentenced after collecting $3.7 million in nationwide fraud scheme
['Indiana Schilz']
CBS58 News
CBS 58NEW BERLIN, Wis. (CBS 58) — A 22-year-old Indian national has been sentenced to four years in federal prison after admitting to conspiring to commit money laundering as part of a nationwide fraud scheme that targeted elderly and vulnerable victims.
Prosecutors said Shah's co-conspirators in India contacted victims and falsely claimed their identities had been used to commit crimes.
Victims were then told they needed to surrender cash or gold to a supposed federal agent for safekeeping.
Investigators said Shah collected more than $3.7 million from 15 victims across the United States.
He was arrested in New Berlin while attempting to collect what he believed were additional fraud proceeds using the same scheme.